Someone transferred $69,990,000 in #Bitcoin and paid a fee of $5.77
That’s a transaction fee of 0.000008244%
No government bank or third party had to verify the transaction, nor could they have STOPPED IT, if they wanted to.
@Crypt0Emma And I don't think that this will necessarily crash the governance token for a p2e project. Like with Axie, you can keep it separate from the in game reward token
@Crypt0Emma I agree, I don't think it can be sustainable for these games to pay enough for people to play full time for work long term. However, I think that there can be interesting ways to integrate crypto into the game to provide a token monetary reward over time along with gameplay
@JRNYcrypto A lot of banks rely on funding outside of regular consumer deposits. You would have to coordinate the bank run on a smaller institution, which wouldn't be an easy task as who are the other depositors? Plus banks would set withdrawal limits if this were to happen
@Crypt0Emma I wouldn't say completely crashed, still in the top 50 with a 1b+ mkt cap for $AXS. $SLP is down, but that was expected. If you design a game that gets people intrinsically motivated, it'll likely see a more subtle decrease over time